Macro Briefing: 4 August 2023

* Global economic growth eases in July to slowest pace since January
* Saudi Arabia will extend oil production cuts into September
* ISM Services Index eases in July, indicator modest growth for sector
* US jobless claims tick up but remain near lowest levels of 2023
* US factory orders surge in June, rising for fourth straight month:

US 10-year Treasury yield rises to highest level since November 2022 in Thursday’s trading (Aug. 3):